Long American Eagle (AEO) nice Risk Reward Option or equity play

American Eagle oversold, and the accelaration in the stock is not justified (in my opinion). They are on the pace of gaining market share from VS and continue to grow. I believe pace of sell off was just too steep. Based on recent high frequency economic data and Jerome Powell's comments, consumer spending is solid and US retail sales are good, I believe close to the next earnings report I am expecting a pick up in the stock price.There are signs of strong support at 16.60 and signs of weekly consolidation at 16.82. I believe price will be pushed up towards 17.15, 17.40, and 17.50 and breakout from there towards mid $18 levels.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out